Ukraine war hits economy hard

Boys play a game of war in the eastern town of Kramatorsk on Thursday. As the Ukraine enters a ninth month of war and political turbulence, executives across the country are struggling to keep their companies afloat as capital from abroad dries up.
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"At the same time, industrial output fell 5 percent in June from a year ago, led by machine building and chemical production.

From steelmakers, such as billionaire Rinat Akhmetov’s Metinvest, to food producers such as Ukrlandfarming, the country’s largest agricultural company, industrial companies are taking the brunt of the conflict and EU sanctions against Russia, according to analysts including Elena Bilan at Kiev-based Dragon Capital.

Metinvest chief executive Yuriy Ryzhenkov said one of the biggest risks for the company was a mass exodus of its workers, especially from unsettled areas. More than 1 000 employees from the 14 000-strong workforce at Metinvest’s Krasnodonvugillya plant had quit, while the Avdiyivsky coke-producing plant was running at one-third capacity, he said."

That's a huge drop. I do not believe the civil war is the only cause for the economic downturn.

"The country’s economy shrank 4.7 percent in the second quarter from a year ago, the biggest contraction since 2009. Gross domestic product (GDP) will drop by 6.5 percent this year, according to government and International Monetary Fund (IMF) forecasts."

You guys are almost comical, just step back and read your own posts, almost the signs of a dilusional melt down. You throw insults at people trying to make their country better, what does that make you??

Hardly. It seems current ukra leadership made USA its milkmaid. What kind of idiot would give a dive like ukrainka 17 billion dollars, I mean even Putinko limited their credit to 11 billion when Yanuko was in power. And than they put that knucklehead as the mayor of Kiev. Any invesment made to ukra dive is a waste.

You guys are almost comical, just step back and read your own posts, almost the signs of a dilusional melt down. You throw insults at people trying to make their country better, what does that make you??All of you are pathetic

Any money for the past 23 years was stolen by ukra leaders like Yanuko, dioxin head and Yulka. How can the dive improve itself if army, police and politicians steal 90 percent of the invesments coming to the pig sty retard.

Imagine NATO's response if Milosevic had encircled Pristina and done to it what Porkshanks is doing now to Lugansk and Donetsk. Imagine the mainstream media's uproar. Imagine the non-stop pontificating from the world's capitals. They did all that without a bombardment of Pristina, in fact. The refugee numbers are comparable. The civilian casualty rate is comparable and most likely even higher in Ukraine.

NATO is a corrupted organization. Not worth the paper its charter is written on. Same goes for the rest.

Who cares about those Balkan goat herders. If I would have been Yeltsin or Clinton I would have armed them both and let them kill each other off. That is a perfect solution to ukrainka problem too. Putinko gets a clean ukrainka and can start all over.

IMF is one funny organization. I have read that if the French idiots running it keep spending money as recklessly it will mean that in order for it to continue playing monetary police China would have to increase its role in it. This will be very good since ukrainka flea bags too will have the opportunity to work in one of those sweatshops loved by Americans and their Chinese friends alike.

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